500 E 48 ST A TX 78751
| Owner | YEE KIEN-YENG |
|---|---|
| Parcel ID | 0221081501 |
| Short ID | 218443 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,364 SF |
| Land SF | 7,560 SF |
| Acres | 0.174 |
| Year Built | 2005 |
| Legal | LOT 1 BLK E PATTERSON HEIGHTS |
| Neighborhood | Z65005 |
| Land | $580,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $580,800 |
| Improvement | $165,713 |
|---|---|
| Total Improvement | $165,713 |
| Market | $746,513 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $746,513 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $746,513 |
| Taxable Value | $746,513 |
|---|
Appreciation: Market value has risen +9.8% from $679,993 (2021) to $746,513 (2025), a CAGR of 2.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $15,277. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 78% of market value ($580,800 land vs $165,713 improvements), about $77/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $746,513, this parcel sits in the upper-middle (50th–75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $838,887 by 2030, with an estimated annual tax burden around $15,802. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,364 SF | ✗ |
| 1ST | 1st Floor | 1,440 SF | ✓ |
| 2ND | 2nd Floor | 924 SF | ✓ |
| 061 | CARPORT ATT 1ST | 492 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 70 SF | ✗ |
| 581 | STORAGE ATT | 54 SF | ✓ |
| 612 | TERRACE UNCOVERD | 48 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $6,906.74 | $6,906.74 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,911.86 | $3,911.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,805.73 | $2,805.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $881.06 | $881.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $771.89 | $771.89 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,277.28 | $15,277.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $777,000 | $746,513 | +4.1% |
| Assessed Value | $777,000 | $746,513 | +4.1% |
| Land Value | $370,080 | $580,800 | -36.3% |
| Improvement Value | $406,920 | $165,713 | +145.6% |
| Taxable Value | $777,000 | $746,513 | +4.1% |
| Total Tax 2026 = estimate |
~$15,901
Estimated
|
~$15,277
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $815,358 | $777,000 | -38,358 (-4.7%) |
| Taxable Value | $815,358 | $777,000 | -38,358 (-4.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $777,000 | $370,080 | $406,920 | — | $777,000 | $777,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $746,513 | $580,800 | $165,713 | — | $746,513 | $746,513 | ~$15,277 | Partial |
| 2024 | $790,405 | — | — | −$212,905 | $577,500 | $— | $16,390 | Verified |
| 2023 | $849,855 | — | — | −$272,355 | $577,500 | $— | $14,300 | Verified |
| 2022 | $809,980 | — | — | −$232,480 | $577,500 | $— | $16,784 | Verified |
| 2021 | $679,993 | — | — | −$312,493 | $367,500 | $— | $17,631 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.2% | +9.2% | ~100% | Not available | Partial |
| 2025 | -9.7% | -9.7% | ~100% | Not available | Partial |
| 2024 | +4.6% | +4.6% | ~100% | 1.9800% | Verified |
| 2023 | -7.0% | -7.0% | ~100% | 1.8100% | Verified |
| 2022 | +4.9% | +4.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.1% | +3.1% | +1.6% | +19.1% | 2022 | -7.0% | 2024 |
| Assessment Ratio | 100.0% | 77.7% | — | 100.0% | 2025 | 54.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,277 | $16,076 | ~$15,599 | $17,631 | 2021 | $14,300 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$764,136 | ~$764,136 | ~2.0139% | ~$15,389 | +2.4% |
| 2027 | ~$782,175 | ~$782,175 | ~1.9814% | ~$15,498 | +4.8% |
| 2028 | ~$800,640 | ~$800,640 | ~1.9488% | ~$15,603 | +7.3% |
| 2029 | ~$819,540 | ~$819,540 | ~1.9163% | ~$15,705 | +9.8% |
| 2030 | ~$838,887 | ~$838,887 | ~1.8837% | ~$15,802 | +12.4% |
| 2026 | ~$749,206 | ~$749,206 | ~2.0465% | ~$15,332 | +0.4% |
| 2027 | ~$751,908 | ~$751,908 | ~2.0465% | ~$15,388 | +0.7% |
| 2028 | ~$754,620 | ~$754,620 | ~2.0465% | ~$15,443 | +1.1% |
| 2029 | ~$757,342 | ~$757,342 | ~2.0465% | ~$15,499 | +1.5% |
| 2030 | ~$760,074 | ~$760,074 | ~2.0465% | ~$15,555 | +1.8% |
| 2026 | ~$779,066 | ~$779,066 | ~1.9977% | ~$15,563 | +4.4% |
| 2027 | ~$813,039 | ~$813,039 | ~1.9488% | ~$15,845 | +8.9% |
| 2028 | ~$848,493 | ~$848,493 | ~1.9000% | ~$16,122 | +13.7% |
| 2029 | ~$885,493 | ~$885,493 | ~1.8512% | ~$16,392 | +18.6% |
| 2030 | ~$924,107 | ~$924,107 | ~1.8024% | ~$16,656 | +23.8% |
In 2025, this property's market value of $746,513 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +44% above the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $746,513 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $790,405 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $849,855 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $809,980 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $679,993 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.